Hub71, the global tech hub in Abu Dhabi, has welcomed 21 new startups into Cohort 15, bringing its total supported ventures to 243. After a thorough selection process, these startups will participate in Hub71’s Access program as well as the specialized ecosystems of Hub71+ Digital Assets and Hub71+ ClimateTech. Collectively, Cohort 15 startups have raised $134.9 million, highlighting Hub71’s effectiveness in attracting high-potential companies that aim to foster technological advancement across key sectors of Abu Dhabi’s diversified economy.
A competitive selection process
According to a statement, this latest cohort was chosen from over 1,228 applications, with 17 startups originating from international markets such as the United States, United Kingdom, France, and Germany. Among the standout companies entering Hub71’s Access program is EpiBone, a HealthTech firm based in the U.S. that has secured $43 million (AED 158 million) in funding. Additionally, Partanna Oasis, co-founded by NBA star Rick Fox, produces carbon-negative concrete and has raised $26 million (AED 98 million); it will join Hub71+ ClimateTech. U.K.-based Greengage, offering Web3 FinTech solutions for SMEs and family offices, has raised $10 million (AED 36 million) and will also join the Hub71+ Digital Assets ecosystem. By establishing operations in Abu Dhabi, these startups further reinforce the UAE capital’s position as a premier global tech destination and a hub for entrepreneurial growth.
Ahmad Ali Alwan, CEO of Hub71, expressed that Cohort 15 is filled with innovative startups ready to enhance Abu Dhabi’s innovation ecosystem. He noted that by offering these startups access to investment opportunities and market reach, Hub71 is facilitating the founders’ journeys in Abu Dhabi and helping to accelerate their global impact.
Nurturing early-stage ventures
Moreover, over 50 percent of Cohort 15 comprises Seed and Series A startups, highlighting Hub71’s capacity to nurture ventures from their initial stages. The chosen startups span seven sectors, including:
The cohort includes startups across FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics, all of which will contribute significantly to the resilience and sustainable development of Abu Dhabi’s economy. A noteworthy addition to the Access program is Autone, a U.S. logistics company that provides an AI-integrated inventory management system. Autone has successfully raised $4.8 million (AED 17 million) in funding.
Focus on sustainability initiatives
Seven startups will join Hub71+ ClimateTech, gaining access to specialized resources and support tailored for their sustainability missions. This brings the total number of startups in Hub71+ ClimateTech to 12, all dedicated to advancing the nation’s net-zero and sustainability goals. Among these is Plenesys, a French company that develops innovative methods to produce clean hydrogen without CO2 emissions, utilizing plasma methane pyrolysis of natural gas or biomethane at a cost 50 percent lower than traditional electrolysis. Plenesys has recently secured $3 million (AED 11 million) in funding.
Advancements in digital assets
Meanwhile, five startups will enter Hub71+ Digital Assets, a specialized ecosystem aimed at unlocking the potential of Web3 and digital assets, raising the total number of startups in this area to 22. Among them is Norway-based Gateway.fm, which offers distributed blockchain infrastructure that automates and provides turnkey solutions for private blockchain deployment. This company has raised $6 million (AED 22 million).
Read more: UAE’s Hub71 reinvents incentive program, grants up to $204,194
Community and support for startups
By participating in Hub71’s Access program and its specialized ecosystems, startups will benefit from a vibrant community of mentors, partners, and investors within Abu Dhabi’s burgeoning tech landscape, enhancing their access to market opportunities, top talent, and funding. These advantages significantly boost their chances of securing commercial deals, attracting investments, and achieving market growth. Additionally, startups can receive up to AED 250,000 in in-kind incentives and AED 250,000 in cash for equity through a SAFE note, with high-performing startups eligible for an additional top-up of up to AED 250,000 in exchange for further equity upon completing the program.
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